Conway, Faulkner Co. officials lobbying against proposed severance tax

Conway and Faulkner County leaders are traveling the state to lobby against a proposed increase in the severance tax on natural gas that would pay for road improvements, reports the Associated Press. Conway Mayor Tab Townsell, county Judge Preston Scroggin and chamber of commerce representatives are scheduled to visit six cities Wednesday to speak against the proposal. The group says it’s making the 250-mile trip in a vehicle powered by compressed natural gas.

Former natural gas executive Sheffield Nelson is gathering signatures to place on the November ballot a measure that would increase the tax to 7 percent. Wells are now taxed at between 1.25 percent and 5 percent of the value of the gas being severed from the land. The group planned stops in Conway, Searcy, Damascus, Morrilton, Russellville and Fort Smith.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>